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Economic operation analysis of petrochemical industry from January to August

wallpapers News 2020-10-21

Since the beginning of this year, in the face of the complicated changeable macroeconomic situation, the petrochemical industry has taken improving the quality of economic development as the center, accelerated structural adjustment, steadily increased production, improved business performance, narrowed price decline, optimized investment structure stabilized foreign trade. 1. Added value of petrochemical industry operation from January to August.

From January to August this year, the industrial added value of the chemical raw materials chemical products manufacturing industry above designated scale (the growth rate of the following added value is the growth rate excluding price factors) increased by 12% year-on-year, which was 2.

5 percentage points higher than the growth rate of industrial added value above scale in the same period.

In a single month, the industrial added value of chemical raw materials chemical products manufacturing industry above designated scale increased by 12.

3% year-on-year in August, decreased by 0.

1% month on month.

Output.

From January to August, the output of major petrochemical products increased steadily.

The crude oil processing capacity was 317.

16 million tons, the product oil output was 195.

88 million tons, the ethylene output was 10.

53 million tons, with a year-on-year increase of 4.7%, 5.7% 5.6%. the output of synthetic resin was 37.

82 million tons, the output of synthetic rubber was 2.

66 million tons, with a year-on-year increase of 9.

9% 6.9%. the output of chemical fertilizer was 53.

29 million tons (the same below), with a year-on-year increase of 6%.

In a single month, the crude oil processing capacity in August was 39.

74 million tons, with a year-on-year increase of 5.

5% a month on month decrease of 1.5%. the output of refined oil was 24.

6 million tons, with a year-on-year increase of 6.

2% a month on month decrease of 1.3%. the output of ethylene was 1.

26 million tons, with a year-on-year increase of 7.

7%, a month on month decrease of 4.7%. the output of synthetic resin was 4.

73 million tons, with a year-on-year increase of 9.

8% a decrease of 1.

5% on a month basis.

the output of synthetic rubber The output of chemical fertilizer was 6.

77 million tons, down 0.

3% year-on-year 5% month on month.

According to the trend chart, the average daily crude oil processing capacity, refined oil ethylene production in August were basically at the low level within the year, with a year-on-year growth rate declining on a month on month basis, indicating that the current market dem is still relatively low.

especially for diesel products with high correlation with economic prosperity, the output from January to August this year was 114.

55 million tons, with a year-on-year increase of only 0.

9% on a low base.

Operation of , .

From January to July this year, the main business income of petrochemical industry was 6596.

8 billion yuan, with a year-on-year growth of 9.9%. the total profit tax was 583 billion yuan, with a year-on-year growth of 20.9%. the total profit was 221 billion yuan, with a year-on-year increase of 43%.

The sharp rise in profits was mainly due to the turnaround of the oil refining industry this year, with a year-on-year increase of about 45 billion yuan.

From January to July this year, the loss of petrochemical enterprises was basically the same as that of the previous year, the loss amount decreased by 25% year on year.

Since this year, the operation of petrochemical industry has been generally good, but the profitability is still weak.

The overall profit margin of the industry is 3.

4%, of which the profit margin of refining industry is only 0.55%. In terms of the profit margin of various industries, the profitability of specialized chemicals, rubber products pesticides is strong, while that of basic chemical raw materials, synthetic materials fertilizers is relatively weak.

From January to July, the sales profit margin of petrochemical industry% petrochemical industry, refining industry, chemical industry, basic chemical raw materials, fertilizers, pesticides, synthetic materials, special chemicals, rubber products, profit margin, 3.40.554.52.93.8 7.12.96.16.3 price.

In the first ten days of September, due to the turmoil in the Middle East other factors, the spot price of main crude oil in the international market rose sharply month on month.

The average prices of Brent, Minas Daqing crude oil were US $114.

6, US $116.

1 US $112.

1 per barrel respectively, up 3%, 9.

8% 7.

8% compared with August.

Affected by this, the spot price of refined oil in the international market rose as a whole.

From January to July, the producer price index of domestic chemical industry was below 100, the market price of chemical products fell down year on year.

The average price index of basic chemical raw materials synthetic materials were 95.

4 95.

3 respectively.

Judging from the trend of price index, the price level of oil processing industry in July was basically the same as that of the same period of last year.

the price index of chemical industry was 97.

2, further narrowing the decline.

In terms of month on month comparison, among the chemical products under key monitoring, the proportion of organic chemical raw materials, inorganic chemical raw materials synthetic resin products with price rising in August was 61%, 44% 65% respectively.

natural rubber rose slightly, while synthetic rubber showed both ups downs.

the prices of tires chemical fertilizers fell across the board.

investment.

From January to August, the petrochemical industry completed 1083.

4 billion yuan of investment, up 17.

3% year-on-year, 2 percentage points higher than January July, 15.

5 percentage points lower than the same period of last year, 0.

1 percentage point higher than the growth rate of industrial fixed assets investment in the same period, 3 percentage points lower than the national fixed assets investment in the same period.

Among them, the chemical industry completed 886.

7 billion yuan of investment, a year-on-year increase of 15.5%, 1.8 percentage points higher than January July, 17 percentage points lower than the same period of last year.

The synthetic materials manufacturing industry, which represents the high-end manufacturing level of the industry, completed an investment of 116.

1 billion yuan, up 22.

2% year-on-year, 2.

3 percentage points faster than January June.

Since the beginning of this year, the growth rate of industrial investment newly started projects has fallen down compared with that of the previous year, indicating that the investment desire of enterprises has weakened compared with the same period of last year.

However, from the change trend capital investment in the year, the industrial investment shows a good trend.

foreign trade.

From January to July, the total import export trade of petrochemical industry was about 231.

6 billion US dollars, with a year-on-year increase of 1.6%. The import volume was about 131.

3 billion US dollars, which was the same as that of the same period of last year.

the export volume was 100.

3 billion US dollars, with a year-on-year increase of 3.9%. the trade deficit of the whole industry was about 31 billion US dollars.

Among the bulk imported products, the import volume of organic chemicals synthetic resin was 31.

4 billion US dollars 38.

1 billion US dollars respectively, with a year-on-year increase of 13.

9% 3.2%. The import volume of inorganic chemicals synthetic rubber was 4.

78 billion US dollars 2.

68 billion US dollars respectively, with a year-on-year decrease of 6.

5% 14.7%. The import value of synthetic fiber monomer was 8.

3 billion US dollars, with a year-on-year decrease of 23.9%. The import of terephthalic acid (PTA), caprolactam other important monomers decreased by about 50%.

The import of ethylene glycol accounted for about 61% of the total import of synthetic fiber monomer.

In a single month, the total volume of import export trade in July was 35.

2 billion US dollars, up 7.

6% year-on-year 11% month on month.

The import value was 19.

5 billion US dollars, an increase of 6% over the same period of last year.

the export volume was 15.

7 billion US dollars, with a year-on-year increase of 10%.

On the whole, since this year, Petrochemical's foreign trade has not got rid of the downturn since last year.

in terms of month on month comparison, the foreign trade situation in July has improved.

2.

At present, the main problem is that the contradiction of overcapacity in some industries is more prominent.

According to the statistics of the association, the average utilization rates of caustic soda PVC plants in the first half of the year were 75% 60% respectively, while the utilization rates of methanol plants were less than 60%.

Affected by overcapacity, the middle low-end market competition is fierce.

Liquid alkali (32% ion-exchange membrane), pureThe average prices of alkali (light ash) calcium carbide (first grade) were all about 20% lower than the same period of last year, they were on the edge of loss or loss.

Second, affected by the slow growth of some downstream industries, the sales of chemical products are not smooth.

In the first half of the year, the output of chemical fiber cloth was the same as that of last year, the output of clothing was only 0.

6% higher than that of last year.

the output of more than 40% products in machinery industry decreased year on year.

In addition to products with rigid dem such as refined oil, chemical fertilizer pesticide, the apparent consumption growth of major petrochemical products has been hovering at a low level.

Third, processing trade products have occupied part of the domestic market.

Taking the three major synthetic materials as an example, the import volume of processing trade has accounted for more than 1 / 3 of the total import volume.

Fourth, the foreign dem market remained sluggish, the export growth was weak. 3. Development suggestions 1.

Speed up the elimination of backward production capacity, process equipment in combination with the work of resolving excess capacity of petrochemical industry relocation transformation of petrochemical enterprises into the park.

This can not only optimize the industrial structure, reduce vicious competition, enhance the profitability of enterprises, but also reduce the pressure of industrial operation safety environmental protection, provide a relatively loose external environment for the development of the industry.

Second, for petrochemical products with mature technology large gap between supply dem, accelerate the industrialization process realize import substitution.

Taking ethylene glycol as an example, in 2012, the import volume reached 8 billion US dollars, accounting for nearly 4% of the total import of petrochemical industry.

At present, the domestic coal to ethylene glycol technology is relatively mature has the conditions for industrial promotion.

Third, in terms of foreign trade, we should moderately increase the export tax rebate amount of high-end petrochemical products, encourage enterprises with comparative advantages to exp their exports.

we should adjust the processing trade policy, for petrochemical products with advanced domestic technology meeting market dem, we should not encourage processing trade, so as to improve the market share production level of domestic enterprises.

(source: National Development Reform Commission.


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TRUNNANO (aka. Luoyang Tongrun Nano Technology Co. Ltd.) is a trusted global chemical material supplier & manufacturer with over 12 years' experience in providing super high-quality chemicals and Nanomaterials. The nitride powder produced by our company has high purity, fine particle size and impurity content. Please contact us if necessary.
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